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Stockreport

Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans [Yahoo! Finance Canada]

Starbucks Corporation (SBUX)  More Company Research Source: Yahoo! Finance Canada
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
The coffee giant had its worst day in trading since March 2020, with shares down nearly 16% on Wednesday after reporting Q2 results that were hard to swallow. The company missed on all metrics (revenue, earnings, and same-store sales), with foot traffic declining across the globe. Now, it aims to regain customers with various tactics like value offerings, menu innovation, and speedier service, but Wall Street pros tell Yahoo Finance they're skeptical that the efforts will be enough to correct course. "I actually think they're going the wrong way ... the business should simplify and focus on the core," Jefferies analyst Andy Barish told Yahoo Finance over the phone. "They're going in way too many directions at once, when the business is deteriorating." ADVERTISEMENT Citi analyst Jon Tower struck a similar tone in a client note. Starbucks is "putting a lot of oars in the water to try and paddle its way back to shore," he wrote. "We are concerned ... this is ignoring the true le [Read more]
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Stockreport

Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans [Yahoo! Finance Canada]

Starbucks Corporation  (SBUX) 
More Company Research Source: Yahoo! Finance Canada
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
The coffee giant had its worst day in trading since March 2020, with shares down nearly 16% on Wednesday after reporting Q2 results that were hard to swallow. The company missed on all metrics (revenue, earnings, and same-store sales), with foot traffic declining across the globe. Now, it aims to regain customers with various tactics like value offerings, menu innovation, and speedier service, but Wall Street pros tell Yahoo Finance they're skeptical that the efforts will be enough to correct course. "I actually think they're going the wrong way ... the business should simplify and focus on the core," Jefferies analyst Andy Barish told Yahoo Finance over the phone. "They're going in way too many directions at once, when the business is deteriorating." ADVERTISEMENT Citi analyst Jon Tower struck a similar tone in a client note. Starbucks is "putting a lot of oars in the water to try and paddle its way back to shore," he wrote. "We are concerned ... this is ignoring the true le [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS